Firmus Technologies grows leadership team by two

Energy-efficient AI infrastructure provider Firmus Technologies has moved to strengthen its governance and management capabilities following a recent $330 million equity raise with the appointments of Kirsty Godfrey-Billy as CFO and Grant Dempsey as incoming chair of the board.

The growth of the leadership team will assist as Firmus moves to launch Project Southgate, a sovereign, renewable-powered AI campus in Tasmania being developed in partnership with the Tasmanian Government.

Dempsey is the former head of investment banking (ANZ) at JP Morgan and current chair of the Investment Committee and a board member at IFM Investors, a global institutional investment manager owned by industry superannuation funds.

He also serves as a non-executive director on numerous ASX listed companies including a2 Milk Ltd, Megaport Ltd and Sims Metals Ltd.

Outgoing chair Ted Pretty will remain on the board as a non-executive director.

Godfrey-Billy joins Firmus after nearly a decade at Xero, where she served as CFO through the
company’s international expansion, financial transformation, and ASX50 inclusion.

Her experience spans listed technology, capital markets, and global scaling.

Dempsey said Firmus is scaling rapidly and building the capabilities across leadership, operations, and governance to support that momentum.

"As the company grows, the board will continue evolving to help deliver on its global ambitions - combining largescale infrastructure execution with the financial outcomes our customers and partners expect," he said.

Godfrey-Billy said what drew her to Firmus was the clarity of its mission.

"A company with technical ambition, a strong team, and a real plan to scale AI in a way that reflects environmental and social responsibility,” she said.

“What the team have invented, and deployed, in both Australia and Singapore over the last five years is impressive - genuine innovation that could set a new global benchmark for how AI is rolled out."